Foran Mining (CVE:FOM) Price Target Cut to C$5.00 by Analysts at BMO Capital Markets

Foran Mining (CVE:FOM) had its target price decreased by BMO Capital Markets from C$5.25 to C$5.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the stock.

FOM has been the subject of several other reports. Ventum Financial boosted their target price on shares of Foran Mining from C$5.75 to C$6.00 in a research note on Tuesday, June 4th. Eight Capital lifted their price objective on shares of Foran Mining from C$6.00 to C$6.25 in a report on Thursday, July 11th.

Foran Mining Trading Up 3.9 %

Shares of CVE:FOM opened at C$3.23 on Wednesday. The company has a current ratio of 6.55, a quick ratio of 2.90 and a debt-to-equity ratio of 13.01. Foran Mining has a 12-month low of C$2.02 and a 12-month high of C$4.32. The business has a 50 day moving average of C$3.23 and a two-hundred day moving average of C$3.23. The company has a market capitalization of C$828.20 million, a PE ratio of -64.60 and a beta of 3.68.

About Foran Mining

Foran Mining Corporation engages in the acquisition, exploration, and development of mineral properties. The company primarily explores for copper, zinc, gold, and silver deposits. Its flagship project is the McIlvenna Bay property comprising 38 claims that covers a total area of 20,907 hectares located in east central Saskatchewan.